According to Shibainuart, which shares data on the SHIB ecosystem, there are currently more than 37 trillion SHIB tokens in Shibaswap.
There’s a massive SHIB in Shibaswap!
According to Shibainuart, a Twitter user who is dedicated to the Shiba Inu community and often posts about the Shiba Inu ecosystem, there are currently over 37 trillion SHIB tokens staked on Shibaswap. Shiba Inu’s other ecosystem tokens, LEASH and BONE, currently have 35,533 and 66,222409 tokens in staking supply.
Shibaswap, Shiba Inu’s native decentralized exchange (DEX) . Launched in July 2021, the Shibaswap Exchange includes the same features as existing decentralized exchanges such as token swapping and liquidity pools, as well as staking and governance.
Shibaswap is powered by the ecosystems main token Shiba Inu and two other ERC-20 based tokens, LEASH and BONE. With a total supply of 250 million, BONE aims to serve as the platform’s governance token. BONE token holders can use the ‘Doggy Dao’ to propose and vote on improvements to the Shibaswap protocol.
Burn Portal burned more than 22 billion tokens
According to reports, more than 22 billion SHIB tokens were burned in the first week of Shib Burn Portal’s operation. By moving SHIB tokens to the burn address, users can permanently remove them from the circulating supply. In this way, they are trying to potentially increase its value by making the token a little more scarce.
Welly, a Shiba Inu-themed burger restaurant, is part of the company’s Shiba Inu community. He announced that he would own 15%. A portion of the proceeds from the activities will be given to the community. Additionally, the community will have the option to burn or reuse these tokens. As we mentioned in the news of Kriptokoin.com, Welly previously stated that some of the revenue collected in SHIB tokens will be burned.
Meanwhile, the whales continue to hoard it as the price of SHIB prepares for another big move. The two biggest Ethereum whales have amassed a staggering 200 billion SHIB in the last 24 hours. Shiba Inu has once again become the largest token position for whales in terms of USD value, according to WhaleStats data.